NPP National Youth Organizer, Henry Nana Boakye, popularly known as Nana B has described as weak the basis on which the Minority is asking for a new budget following the depreciation of the cedi.
The Minority at a stakeholder’s meeting led by, Cassiel Ato Forson asked the government to at least come before Parliament with a statement outlining critical policy changes that will enhance the prospects of the economy.
“The rapid decline in the value of the cedi has thrown the economy in disarray and the projections surrounding it as contained in 2019 budget. This has, therefore, undermined the confidence in the economy which is also sending wrong signals to the investor community. This calls for urgent steps to be taken by government to restore the economy.”
“The starting point is that we should be considering a new budget which considers all the distortions and serious problems occasioned by the fall of the value of the cedi. At the minimum we expect a statement to Parliament assuring the nation on the steps taken by government to address the instability of the economy. The budget as presented by the Minister of Finance can no longer be relied upon. It’s credibility and stability have completely been undermined by the cedi”
Latest News In Ghana – Click Here to Read Our Latest News Stories
Speaking to this during a panel discussion Friday on Peace FM morning show ‘Kokrokoo’, Nana B said even if there are shortfalls in the budget, ‘that is why we have a supplementary budget’.
“I am surprised that a whole minority who should know better will hold a press conference saying because the cedi has depreciated we should throw away the budget…”
Listen to everything Nana B said in the video below